Plymouth Commerce Center LP Secures $1.5M Loan For Office Property In Plymouth Township, MI
14500 North Sheldon Road
$1,500,000
$28/SF
Building Size
53,314 SF
Asset Type
Office
Closing
Sep 3, 2025
About this deal
AI
The office asset involved in this transaction is located at 14500 North Sheldon Road, Plymouth Township, MI, with a total square footage of 53,314. The transaction is valued at $1,500,000. The property is owned by Plymouth Commerce Center LP and is categorized as an office asset.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,500,000
- Market: Plymouth Township, MI
- Landlord: Plymouth Commerce Center LP
- Broker: Adam Ferguson - Bernard Financial Group
- Loan Amount: $1,500,000
Adam Ferguson originated the deal through Bernard Financial Group, which arranged a $1.5 million life company loan specifically for the Plymouth Commerce Center office property listed above. The borrower for this transaction is Plymouth Commerce Center LP.
Players
Plymouth Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Bernard Financial Group to view all their deals.
Browse Plymouth office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93